Allied Market Research

2024

Magnesium Raw Materials Market

Magnesium Raw Materials Market Size, Share, Competitive Landscape and Trend Analysis Report, by Product and, by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

MC : Renewable, Speciality and fine chemicals

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Author's: | Eswara Prasad
Publish Date:

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Magnesium is a silvery white metal, which is analogous in appearance to aluminum and weighs one-third less than aluminum. It is a ubiquitous element and is found in more than 80 minerals, which contain more than 20% magnesium in their crystalline structure. Dolomite, magnesite, bishovite, brucite, olivine, and carnallite are used as raw materials for magnesium production along with bitterns, brines, ultramafic rocks rich in serpentine, fly ash, and asbestos tailings. Among these, brucite and magnesite are widely used in the production of dead-burned, caustic, and fused magnesium. Dolomite and magnesite are frequently used magnesium ores. Magnesium raw materials are used in the production of a wide array of materials including dead burned magnesia, caustic-calcined magnesia, fused magnesia, electrofused magnesia, and others.

The growth of the global magnesium raw materials market is driven by rise in demand for magnesium and its alloys, especially from the automotive industry. Moreover, increase in use of magnesium in the production of aluminum alloys and in die casting techniques is projected to boost the demand for magnesium raw materials. In addition, growth in adoption of aluminum-magnesium alloys and die cast magnesium in transportation sector is expected to supplement the market growth. Furthermore, technological developments and rise in investments in R&D activities to cater to the increasing demands of magnesium is anticipated to fuel the demand for magnesium raw materials. Furthermore, the increasing demand for magnesium for sulfur removal is projected to drive the market growth. However, explosive nature of magnesium and emission of harmful UV radiations when burnt hamper the market growth.

The global magnesium raw materials market is segmented on the basis of product, application, and geography. Based on product, the market is categorized into dolomite, magnesite, bishovite, brucite, olivine, and carnallite. Magnesite is further bifurcated into phanerocrystalline magnesite and cryptocrystalline magnesite. Brucite is subsegmented into bulk type and fibrous type. Applications covered in the study include dead burned magnesia, caustic-calcined magnesia, fused magnesia, electrofused magnesia, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Benefits

  • This report provides a quantitative analysis of the current trends, estimations, and dynamics to assist in identifying the prevailing market opportunities.
  • Major countries in each region are mapped according to the individual market revenue.
  • The region-wise and country-wise materials market conditions are comprehensively analyzed.
  • This study evaluates the competitive landscape and the value chain analysis to understand the competitive environment across geographies.
  • An in-depth analysis of each segment of the magnesium raw materials market is provided to assist the prevailing market opportunities.

Magnesium Raw Materials Market Report Highlights

Aspects Details
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By Product
  • Magnesite
    • Phanerocrystalline Magnesite
    • Cryptocrystalline Magnesite
  • Brucite
    • Bulk Type
    • Fibrous Type
  • Dolomite
  • Bishovite
  • Olivine
  • Carnallite
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By Application
  • Dead Burned Magnesia
  • Caustic-Calcined Magnesia
  • Fused Magnesia
  • Electrofused Magnesia
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Thailand, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)
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Key Market Players

Liaoning Jinding Magnesite Group, Queensland Magnesia Pty. Ltd., Ramakrishna Magnesite Mines, Haicheng Magnesite, Grecian Magnesite, Russian Mining Chemical, Garrison Minerals, Dandong Jinyuan Minerals Limited Company, Premier Magnesia, Houying Group

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Magnesium Raw Materials Market

Global Opportunity Analysis and Industry Forecast, 2023-2032